MILLIONS PROFIT
FORD BALANCE SHEET NEW MODEL RUMOUR Balance-sheet of the Ford Co. of U.S.A. shows that the earnings for 1926 were £18,000,000. The fact that the stock on hand has shrunken from £21,526,228 in 1925 to about £4,000,000 worth less was hailed by prophets as a sign that the company was reducing its parts stock in preparation for the production of a new model this year, and they now believe that stocks for the new car are now being made. Real estate holdings are £28,669,000, said to be a conservative estimate, while machinery and equipment are valued at £27,523,000.
As the safest and quickest way to stop a fire is to smother it, a new British idea may contribute to motoring safety. It is an asbestos blanket, about 3ft. square, packed into a metal cylinder or box, so that it can be carried in a handv place in the car. A projecting loop allows it to be pulled out in a second, so that it can be thrown over the blaze, cutting off the supply of air and saving possible injury to the motorist.
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Bibliographic details
Sun (Auckland), Volume 1, Issue 106, 26 July 1927, Page 11
Word Count
185MILLIONS PROFIT Sun (Auckland), Volume 1, Issue 106, 26 July 1927, Page 11
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